AutoBeta(AutoBeta.net)11/04 Report--

In October, a total of 2625 cars were delivered, up 25 per cent from a month earlier and 61 per cent from a year earlier.

Among them, in October this year, the delivery volume of the ES6 was 2220, with a total of 6829 this year, while the delivery volume of the ES8 was 306, an increase of 4 per cent from the previous month.

By October this year, it had delivered a total of 14867 vehicles, while since the beginning of delivery in June last year, it had delivered a total of 26215 vehicles.

According to the statistics. After hitting a low ebb in July 2019, sales of Xilai increased significantly in the three months from August to October, which is closely related to the start of delivery of its ES6, and the new products have brought new energy to the decline of the company.

Li Bin said that the delivery volume continued to improve in October, mainly due to the efforts of the sales team and strong implementation. At the same time, Ulai will continue to launch NIO space and expand our sales network to support future growth.

Although this month's delivery volume has set a new high, but the current situation of Lulai Motor can not be ignored.

Since the first half of this year, there has been a lot of negative news from Xilai Motor.

From April to June this year, Lulai ES8 spontaneous combustion occurred in Xi'an, Shanghai and Wuhan respectively. Due to frequent spontaneous combustion, Lulai Motor reported to the State Administration of Market Supervision and Administration for the record and decided to recall a total of 4803 Lulai ES8 equipped with power batteries produced during the period from April 2, 2018 to October 19, 2018.

After the emergence of spontaneous combustion, coupled with the grim automobile market and the decline of subsidies for new energy vehicles, the sales of Lulai cars have dropped sharply.

In order to save sales, Xilai launched a free electricity exchange service in August, and all the first owners of existing new ES8 and ES6 models can enjoy a lifetime free electricity exchange service. In September, Xilai went online with preferential services such as 30% down payment, three-year interest-free installments and a 150000 reduction in the price of rented battery cars, but all of them are difficult to overcome.

What really caused Lulai to fall into a storm of public opinion was that after the release of the second-quarter results, on the eve of the release of the second-quarter results, some analysts pointed out that it would lose 2.6 billion yuan in the second quarter, meaning that it would lose about 40 billion yuan in the second quarter. equivalent to Tesla's 15-year loss.

On September 24, Xilai announced its second-quarter results. According to the financial report, it achieved an operating income of 1.508 billion yuan in the second quarter and a net loss of 3.285 billion yuan belonging to shareholders in the second quarter. According to the financial report data, the loss of Lulai Automobile has reached the range of loss analyzed.

The loss of Xilai Motor reached 3.285 billion yuan, which caused the company's share price to shrink seriously, approaching the standard of "one dollar delisting" in the US stock market for many times. In addition, in addition to profits and losses, news such as layoffs within the company, adjustments at the top of the company, the departure of senior executives, or even a lottery that has not been exchanged for nearly a year have repeatedly pushed Wei to the limelight of public opinion.

The situation did not improve slightly until after the release of third-quarter sales, due to higher-than-expected delivery in the third quarter.

The good times did not last long. The failure of a financing of 5 billion yuan negotiated between Lulai Motor and Wuxing District of Huzhou City in October, coupled with the resignation of Xie Dongying, CFO of Lulai Motor, once again pushed NIO Motor into the tuyere of public opinion, and the stock value fell again.

Therefore, all signs can show that the current situation of Lai Motor is very critical. Although October sales set a new record, which really reversed the current situation, but in the two months of "Golden Nine and Silver Ten", it also plays a certain role in the growth of sales. For Xilai Automobile, the main task at present is to realize its own hematopoietic ability.

In addition, according to the official Weibo of NIO, the official used car of Lulai was officially launched today. However, as of press time, the message on Lulai's official Weibo has been deleted, and the used car function in Lulai App has been temporarily taken offline. NIO insiders said that it should be officially launched in the next two days. According to NIO, owners of official second-hand cars can enjoy rights including free installation of home filling piles, free power exchange, free car networking, free off-site power supply, and so on. In addition, NIO also offers a personalized financial scheme with a minimum monthly payment of 1660 yuan.

After the sales announcement, shares of Xilai rose 4.83% to $1.52 in pre-market trading.

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